Ternium Sees Lower Profit as Net Misses Estimates
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Ternium SA, Latin America’s second-largest steelmaker, reported fourth-quarter profit that missed analysts’ estimates amid foreign-exchange losses and said it expects lower operating income this quarter.
Net income attributable to shareholders rose to $104.7 million, or 53 cents per American depositary share, from $77.5 million, or 39 cents, a year earlier, Luxembourg-based Ternium said today in a statement. Earnings of 53 cents per ADR included a 25 cent foreign-exchange loss.